134 Maggie Way · Sebastian, FL 32958

$244,134

2 bd · 2.0 ba · 1,500 sqft · Townhouse public records · 57 Days on market

Built 2006 Est $298k · 18% under $133/mo HOA · 6% of rent

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Why this score? — see what drove the D+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• ARV discount +15.0/15.0
• Cash flow +10.4/30.0
• Schools +4.2/10.0
• Rent growth +4.1/5.0
• Livability +4.0/5.0
• 1% rule +3.5/10.0
• DSCR +3.0/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Affordable excellence… you just discover Sandridge Estates. Sebastians best keep secret. All homes in harmony w/ each other, tastefully landscaped, beautiful oak tree lined streets. Your new staycation is vacant we can close next Friday @_____. 2 comfortable sized bed rooms + an office /study/hobby rm or u decide. .. Yes, could be a 3rd bedroom!Life is good. Screened in lanai w/ some space beween u & your back neighbors. 1 car garage. Sandy ocean beachs 13 minutes away. Enjoy the Indian River water front 6 minutes away. Got golf 8 minutes + \ -. Take the dare shop & compare. Affordable HOA, !-95 9 mins. plus &

Key facts

• $133 HOA
• Garage
• Built 2006

Property features AI

Finance

• Financial info: Pets allowed with restrictions (breed and number limits)
• HOA & community: Affordable association; Monthly association fee of $133; Association covers common areas, grounds maintenance and structure maintenance; Dues paid quarterly

Exterior

• Parking: Attached garage; Driveway; Garage door opener; 1 garage space
• Security: Smoke detectors
• Utilities: Public water; County sewer
• Home design: Single-story home; Faces west; Property attached
• Construction: Block, concrete and stucco construction; Shingle roof; Built on standard foundation
• Exterior features: Enclosed porch; Porch with screened area; Paved road access

Interior

• Kitchen: Range; Refrigerator; Electric water heater
• Bedrooms: Bedroom 1 (12 x 11); Bedroom 2 (14 x 12)
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central heating (electric); Central air conditioning (electric); Ceiling fans
• Interior features: High ceilings with vaulted areas; French doors / atrium doors; Window treatments; Unfurnished
• Laundry & utility: In-unit laundry

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath townhouse listed at $244k.

Deal economics

• At list price, monthly cash flow is $-129 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $221k (9.3% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $207k (15.3% below list).
• Recommended offer: $207k (15.3% below list) — sets the bar for 1% rule.
• Cap rate 5.7% vs local median 4.4% in Sebastian — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads 81/100 on livability (#89 in FL, #1,421 nationally) — a professional / high-income tenant draw. Strengths: housing A+, crime A, health & safety A; Watch: schools D+, amenities D-.
• Indian River (other): math 48% / reading 52% proficiency, ranked #35 of 73 in FL (top 48%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: Rents rising fast (+6.2%/yr); 412 active listings in the ZIP; 13 comparable units currently listed for rent nearby; rentals leasing fast (median 14d on market — plan ~1-2 weeks tenant-placement turnaround); 564 units permitted in Indian River County in 2024 (281 in 5+ unit buildings).
• This rent runs 37% of the median local income ($67k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
• Indian River County population projected at +18% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 57 days — a 3% lower offer ($237k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 5y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $195k; 25% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: severe wind risk, 99% chance of damaging wind over 30y; extreme-heat days projected 7→24/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $206,705 (15.3% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 57 days. Have you received any prior offers? Is the seller open to a 15% concession, seller financing, or rate buy-down credit?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.85% ✗
• Cap rate: 5.66%
• Cash-on-cash: -2.26%
• DSCR: 0.90
• GRM: 9.8

CMA / ARV

• ARV (on-the-fly): $298,500
• Comps found: 2

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
952 S Easy St	0.06mi	2/2.0	1,379 (-8%)	11mo	$275,000	$199	74
996 S Easy St	0.13mi	3/2.0 (+1)	1,373 (-8%)	7mo	$235,000	$171	70

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 6.22% rent growth · sell at horizon

5-year hold

• IRR: -16.3%
• Equity multiple: 0.40×
• Total profit: $-40,778
• Equity at exit: $36,401

10-year hold

• IRR: -2.9%
• Equity multiple: 0.77×
• Total profit: $-15,455
• Equity at exit: $21,108

Cash invested: $68,358 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Florida: 87 Strongly Landlord-Friendly · R+3
• County: — inherits STATE
• City: — inherits STATE

3-day pay-or-quit; preempts local rent control; landlord-friendly statutes. Court speed varies by county.

Methodology + full state rankings →

ZIP-level market 32958

• Home prices YoY: -13.1%
• Rents YoY: 6.2%
• Active inventory: 412
• Price-to-rent: 9.8×

Monthly cashflow live

• Estimated rent: $2,067 high
• Mortgage (P&I): −$1,280
• Tax from tax record: −$247 /mo · $2,962/yr
• Insurance: −$102
• HOA: −$133
• Vacancy / Maint / Mgmt: −$434
• Net cashflow: $-129

Break-even live

Break-even rent $2,230

Max offer price $221,370

Occupancy floor —

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $61,034
• Closing costs: $7,324
• Reserves months: —
• Total cash needed: —

Rent comps 13 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
186 Empress Ave Unit B Sebastian, FL	2.0	2.0	1398	$1,575	$1.13	21d	1	0.14mi
151 Mabry St Sebastian, FL	3.0	2.0	1199	$1,850	$1.54	21d	1	0.45mi
141 Crawford Dr Sebastian, FL	2.0	1.0	1100	$2,200	$2.00	13d	1	0.51mi
155 Midvale Ter Sebastian, FL	3.0	2.0	1853	$3,000	$1.62	21d	1	0.52mi
1421 Thornhill Ln Sebastian, FL	3.0	2.0	1216	$2,800	$2.30	13d	1	0.58mi
366 Joy Haven Dr Sebastian, FL	3.0	2.0	1885	$2,095	$1.11	13d	1	1.07mi
426 Tulip Dr Sebastian, FL	2.0	2.0	1161	$2,100	$1.81	21d	1	1.08mi
1565 Glentry Ln Sebastian, FL	2.0	2.0	1189	$2,500	$2.10	13d	1	1.14mi
1110 Barber St Sebastian, FL	3.0	2.0	1324	$2,200	$1.66	13d	1	1.16mi
834 Dolores St Sebastian, FL	3.0	1.0	1253	$1,600	$1.28	13d	1	1.19mi
632 Bayfront Ter Sebastian, FL	3.0	2.0	1885	$2,350	$1.25	13d	1	1.22mi
832 Carnation Dr Sebastian, FL	3.0	2.0	1400	$2,800	$2.00	13d	1	1.33mi
742 Capon Ter Sebastian, FL	2.0	2.0	1080	$2,000	$1.85	21d	1	1.46mi

HOA detail

• Monthly dues: $133 · $1,596/yr
• Likely covers: water

Listing history 41 events

1. 2026-06-19
   days on market $244,134 Active 57 DOM
2. 2026-06-18
   price $244,134 Active 56 DOM
3. 2026-06-18
   days on market $245,134 Active 56 DOM
4. 2026-06-17
   days on market $245,134 Active 55 DOM
5. 2026-06-16
   days on market $245,134 Active 54 DOM
6. 2026-06-15
   days on market $245,134 Active 53 DOM
7. 2026-06-14
   days on market $245,134 Active 51 DOM
8. 2026-06-13
   pricedays on market $245,134 Active 50 DOM
9. 2026-06-10
   days on market $246,134 Active 48 DOM
10. 2026-06-09
    days on market $246,134 Active 47 DOM
11. 2026-06-08
    days on market $246,134 Active 46 DOM
12. 2026-06-07
    pricedays on market $246,134 Active 45 DOM
13. 2026-06-05
    days on market $247,134 Active 42 DOM
14. 2026-06-02
    days on market $247,134 Active 40 DOM
15. 2026-06-01
    days on market $247,134 Active 39 DOM
16. 2026-05-31
    days on market $247,134 Active 38 DOM
17. 2026-05-30
    days on market $247,134 Active 37 DOM
18. 2026-05-22
    price $248,134
19. 2026-05-14
    price $249,134
20. 2026-04-23
    listed $250,000 Active
21. 2026-04-14
    historical $250,000
22. 2026-01-03
    historical
23. 2026-01-02
    historical
24. 2025-10-27
    price $245,000
25. 2025-10-27
    price $245,000
26. 2025-10-27
    price $245,000
27. 2025-08-12
    price $260,000
28. 2025-08-12
    price $260,000
29. 2025-08-12
    price $260,000
30. 2025-07-16
    price $272,000
31. 2025-07-16
    price $272,000
32. 2025-07-16
    price $272,000
33. 2025-07-03
    listed $284,000 Active
34. 2025-07-03
    listed $284,000 Active
35. 2025-07-02
    listed $284,000 Active
36. 2021-07-13
    soldstatus $195,000
37. 2021-07-12
    soldstatus $195,000 Closed
38. 2021-05-23
    historical Active Under Contract
39. 2021-05-18
    listed $195,000 Active
40. 2021-05-18
    listed $195,000 Active
41. 2021-05-11
    listed $195,000 Active

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast FL · Resets to sale price

• Current annual tax: $2,962 · $247/mo
• Projected year-2 tax: $2,962 · $247/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 10/10 Extreme 7 d/yr ≥106°F today · 24 d/yr by 30 yrs out
• 💨 Wind 10/10 Extreme 99% chance of damaging wind over 30 yrs
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,805
• − Mortgage interest: −$13,675
• − Property taxes: −$2,962
• − Insurance: −$1,221
• − Repairs & maintenance: −$1,984
• − Management: −$1,984
• − HOA: −$1,596
• − Depreciation: −$7,102
• Taxable loss: −$5,720
• Est. tax savings @ 24.0%: +$1,373
• After-tax cash flow: $-173/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Indian River
• NCES district ID: 1200930
• Math proficiency: 48% ▼ -9.00%
• Reading proficiency: 52% ▼ -3.00%
• Median HH income: $46,597
• Composite: 42.45/100
• National rank: #3218
• State rank: #35 of 73 in FL

Livability — Sebastian

• Score: 81/100
• State rank: #89
• US rank: #1421

Category grades

Amenities D- Commute B+ Cost of living A- Crime A Employment C Housing A+ Health & safety A User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Sebastian, FL
• County: Indian River County · 143,738 people
• City population: 30,023
• Metro: Sebastian-Vero Beach, FL
• Population (ZIP): 30,023
• Household income: $66,840
• Rent vs Own: 14.5% rent · 85.5% own
• Severe rent burden: 646.0

Population outlook (Indian River County) Hauer SSP2

• Today (2025): 165,104 people
• By 2030: 172,869 · +4.7%
• By 2040: 185,640 · +12.4%
• By 2050: 194,465 · +17.8%
• By 2075: 211,115 · +27.9%
• By 2100: 211,781 · +28.3%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (86%)
• Race & ethnicity: White 86% Hispanic / Latino 9% Two or more races 7% Black 2% Asian 1%
• Hispanic origin (detail): Mexican 1% Puerto Rican 2% Cuban 3%
• Common ancestry: Lithuanian 4% Slovak 4% Romanian 3%
• Foreign-born: 7% · Canada, Jamaica
• Languages at home: 91% English-only · Spanish 6% Other Indo-European 1% Russian/Polish/Slavic 1%

Political lean MEDSL · Indian River

• 2024 margin: Strong R (+27.4) · D 36.0% · R 63.4%
• 2008→2024 swing: -12.5pp toward R · 2008: -14.8pp · 2024: -27.4pp
• All cycles: 2024: R+27.4 2020: R+21.6 2016: R+24.5 2012: R+22.3 2008: R+14.8

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -49.85%
• Current HPI: 330.1691
• Rent YoY: ▲ 6.22%
• Metro: Sebastian-Vero Beach, FL
• State GDP YoY: ▲ 3.28%
• F500 in state: 36

Industry mix (Fortune 500 HQ in FL)

Industry	F500 HQs	Revenue
▸Industrial Technology	2	$29B
▸Insurance	2	$17B
▸Retail	1	$60B
▸Technology Distribution	1	$58B
▸Homebuilding	1	$35B
▸Technology Manufacturing	1	$35B

Price history

+27.2% since first listed

24 events — show timeline

• 2026-05-22 Price Changed $248,134 RAIRCMLS
• 2026-05-14 Price Changed $249,134 RAIRCMLS
• 2026-04-23 Listed $250,000 RAIRCMLS
• 2026-04-14 Coming Soon $250,000 RAIRCMLS
• 2026-01-03 Listing Removed — Beaches MLS
• 2026-01-02 Listing Removed — SCMLS
• 2025-10-27 Price Changed $245,000 Beaches MLS
• 2025-10-27 Price Changed $245,000 SCMLS
• 2025-10-27 Price Changed $245,000 RAIRCMLS
• 2025-08-12 Price Changed $260,000 Beaches MLS
• 2025-08-12 Price Changed $260,000 SCMLS
• 2025-08-12 Price Changed $260,000 RAIRCMLS
• 2025-07-16 Price Changed $272,000 Beaches MLS
• 2025-07-16 Price Changed $272,000 SCMLS
• 2025-07-16 Price Changed $272,000 RAIRCMLS
• 2025-07-03 Listed $284,000 SCMLS
• 2025-07-03 Listed $284,000 Beaches MLS
• 2025-07-02 Listed $284,000 RAIRCMLS
• 2021-07-13 Sold (Public Records) $195,000 Public Records
• 2021-07-12 Sold (MLS) $195,000 RAIRCMLS
• 2021-05-23 Contingent — RAIRCMLS
• 2021-05-18 Listed $195,000 Beaches MLS
• 2021-05-18 Listed $195,000 SCMLS
• 2021-05-11 Listed $195,000 RAIRCMLS

Property tax history

+5.9%/yr

Latest (2025): $2,962 · +4.5% YoY. Source: county tax records.